In March 2016, Hinduja Leyland filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). Including the primary offer and the offer for sale, the total size of the IPO was expected to be around Rs700 croreVarious Hinduja group firms together hold around 84.63% in HLF. According to the draft prospectus, HLF planned to raise Rs500 crore primary capital. Including the primary offer and the offer for sale, the total size of the IPO was expected to be around Rs700 crore. Private equity funds have used the IPO route to exit investments and investors making strong returns on their IPO bets.

Source: Mint June 20, 2017 18:58 UTC